NEW YORK (TheStreet) -- Investors have difficult and different trends to navigate this week in a potentially stormy stock market featuring a full-blown correction in the Dow Utilities. However, despite the volatility, investors can trade the stock market using these three popular exchange-traded funds.
If you are trading the Dow Jones Industrial Average the exchange-traded fund to use is the SPDR Dow Jones Industrial Average ETF (DIA), or Diamonds. The daily and weekly charts will show that the technicals are negative for the Dow 30.
If you prefer to trade the Standards & Poor's 500 the ETF to use is the SPDR S&P 500 ETF (SPY), or Spiders. The daily and weekly charts for the broader average are neutral.
If you like to trade the tech sector consider the ETF whose components are in the Nasdaq 100, which is a sub-set of the Nasdaq Composite. This ETF is the PowerShares QQQ Trust ETF (QQQ). The daily and weekly charts for this ETF are positive, but that could change this week given downside market volatility.
Before we look at these charts, let's outline the difficult and different trends for six equity averages.
The Dow Jones Industrial Average ended last week with a negative weekly chart, but this was offset by Dow Transports rebounding out of correction territory. Transports has a negative but oversold weekly chart.
The S&P 500 ended the week with a neutral weekly chart with the index below its key weekly moving average, but with overbought momentum. The S&P 500 will have a negative weekly chart if the index ends this week below its key weekly moving average of 2,103.6.